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How are Mortgage Life Insurance premiums calculated?

April 26, 2017calculated Life Insurance mortgage premiums

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How are Mortgage Life Insurance premiums calculated?

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Premiums are based on your age at the time of application and mortgage balance. Once you’re approved your premiums will not increase over the life of your unmortgage with ING DIRECT. Below are the monthly rates per $1,000 of balance, as well as an example of how premiums are calculated.